Thread: Selling a car payment methods

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I know that some of ya'll have sold cars that were expensive. How did you expect to get paid. This is an out of state sale, a long ways away, he is picking up the car himself.

Cash..........greenbacks...........moola...........or any other form of green stuff that has dead Presidents on it. At one time I would have said certified check or even a money order , but even those have become risky and can prove to be phony.

I would do it during banking hours and take him to your bank and do the deal there. They can authenticate the funds (believe it or not, people even counterfeit money) that way you are as protected as you can possibly be. Plus, your bank will have a Notary on staff to do the title and all. I would call my bank and set it up and get their input.

If he balks, run. No legitimate buyer should have any reason whatsoever to refuse to do the above, and don't let him rush you. You have a lot to lose here and these guys can be very crafty at walking away with your possessions for free.

Don

Agree with Don. The only acceptable form of payment is C.I.F. (cash in fist) at your bank.

It's easy and Benjamins are accepted most everywhere.

Cash or paypal if it's a smaller amount...

I have done out of state wire transfer,It was safer not to be carrying cash,both persons present at the sellers bank,funds were transferd from buyers bank,small bank fee involved

Electronic transfer usually costs a few bucks, but it's safe. Once the funds are in your account tough for anybody to cheat you out of anything. My bank (actually a Credit Union) has the funds transferred to one of their accounts, then into mine, so my account number is not even given out.... I've taken personal checks for payment many times, just never released the merchandise till the check clears.....